I was talking with a fiend last night about investing in foreign currencies. I told him that I understand that this would bring better returns compared to investing in local currencies. I was also made to understand by a coin dealer that more people are investing into gold and silver coins.
Right now, I don't know if investing into precious metals would be better in the long run or in foreign currencies. I do know that precious metals will always be more stable and will not fluctuate as much as currencies. For example, the USD has weakened so drastically this past month that if you are holding USD, you would be losing a considerable amount of money.
During my grandparents’ time, people would prefer to keep gold and silver coins instead because these will be their money in times of war. I believe that they are still relevant in today’s economy.
Right now, I don't know if investing into precious metals would be better in the long run or in foreign currencies. I do know that precious metals will always be more stable and will not fluctuate as much as currencies. For example, the USD has weakened so drastically this past month that if you are holding USD, you would be losing a considerable amount of money.
During my grandparents’ time, people would prefer to keep gold and silver coins instead because these will be their money in times of war. I believe that they are still relevant in today’s economy.
0 comments:
Post a Comment